NOTE: This Media Release was revised on Tuesday 14 August 2007 at 12:50pm Canberra Time. Paragraph 4 replaced the word 'week' to 'month'.

Forrest had Canberra's highest rents and mortgage payments, while the least expensive suburb to rent in was Oaks Estate, according to an analysis released today by the Australian Bureau of Statistics (ABS).

Residents of Forrest were paying $416 per week in rental payments and $2,817 per month in housing loan repayments, according to figures from the 2006 Census.

For rentals, the least expensive suburbs were: Oaks Estate ($100 per week), Symonston ($120) and Reid ($122). Of note, Red Hill was one of the ten least expensive suburbs in which to rent, at $200 per week.